Cintas Corp reports results for the quarter ended August 31 - Earnings Summary

• Cintas Corp CTAS reported quarterly adjusted earnings of $1.20​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.10. The mean expectation of sixteen analysts for the quarter was for earnings of $1.19 per share. Wall Street expected results to range from $1.13 to $1.23 per share.

• Revenue rose 8.7% to $2.72 billion from a year ago; analysts expected $2.70 billion.

• Cintas Corp's reported EPS for the quarter was $1.20​.

• The company reported quarterly net income of $491.14 million.

• Cintas Corp shares had fallen by 10.0% this quarter and gained 9.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 9 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for Cintas Corp is $226.50, about 11.4% above its last closing price of $200.59

This summary was machine generated from LSEG data September 24 at 02:12 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)